AUD/JPY 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Having encountered strong buying interest near 90.30, AUD/JPY has been trading in an up-trend since the beginning of April. However, right now the currency pair is facing a formidable resistance level at 96.00, which is not letting the Australian Dollar to appreciate further. If this barrier is finally overcome, the next target will be 97.58, namely the upper edge of the recently formed bullish channel. On the other hand, in case the price closes beneath support at 94.00, the sell-off will be expected to extend down to the 200-period SMA. In the meantime, an overwhelming majority of the SWFX market participants are bullish with respect to AUD/JPY, being that 71% of positions are long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 08 May 2015 05:48:41 GMT

EUR/CHF 4H Chart: Channel Down

Being unable to climb above 1.05, EUR/CHF is now in the process of forming a bearish channel. Over the next few days the exchange rate should aim for 1.0260, while being capped by the upper boundary of the pattern, which is currently at 1.0370.In the longer-term perspective, when and if the currency pair approaches 1.0240, the upside risks will dominate

Thu, 07 May 2015 12:29:04 GMT

USD/DKK 4H Chart: Channel Down

The USD/DKK currency cross has created a very similar channel down pattern, compared with CAD/CHF pair. Moreover, the development stage inside pattern's boundaries looks quite similar as well. However, for the US Dollar to decline as low as pattern's support, it will have to breach a more important demand area at first, which is represented by the weekly S1 at

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.